# In the matter of Orris Infrastructure Pvt. Ltd. (IB)-234(PB)-2019

> NCLT judgment dated 2019-03-07. Citation: TCN-2019-NCLT-04555. This is a joint application placing on record a deed of settlement dated 06.03.2019. The…

- **Court:** NCLT
- **Order date:** 7 Mar 2019
- **Citation:** TCN-2019-NCLT-04555
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/orris-infrastructure-pvt-ltd-ib-234pb-2019-30072d26

## Summary

### Background

This is a joint application placing on record a deed of settlement dated 06.03.2019. The parties have amicably settled the dispute.

## Facts

Rita Malhotra & Ors. filed a petition against Orris Infrastructure Pvt. Ltd. A joint application was submitted, placing on record a deed of settlement dated 06.03.2019. The parties amicably settled the dispute. The court disposed of the petition in terms of the settlement deed. The petitioner can file for revival if there is a default.

## Issues and analysis

### Issue 1: Whether the petition should be disposed of based on …

**Ratio:** A court can dispose of a petition if the parties have amicably settled the dispute and a

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**Reasoning:** The parties submitted a joint application placing on record a deed of settlement,

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**Interpretation:** This reflects the principle that courts encourage and respect amicable

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**Application:** The court applied this principle by disposing of the petition in accordance

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## Parties

- **Judges:** M. M. K…; S. K. MOH…
- **Appellants:** Rita Malhotra &…
- **Respondents:** ORRIS INFRASTRUCTU…
- **Advocates:** Sunil Mal…; Nidhesh…; +1 more

## Timeline

- **2019-03-06 — Deed of Set…**: A deed of settlement…
- **2019-03-07 — Order Del…**: Order delivered disposing of the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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